Punjab and Haryana High Court imposes Rs. One Lakh as Cost for Abuse of Jurisdiction
The Punjab and Haryana High Court, while dismissing the writ petition imposed the exemplary cost. The court imposed the cost of Rs. 1 Lakh to be...
![PIL in Delhi High Court to classify Masks and Sanitizers as ‘Essential Commodities’ and reduce GST Rates [Read Petition]](https://www.taxscan.in/wp-content/uploads/2020/08/GST-PIL-masks-sanitizers-essential-commodities-Taxscan.jpg "PIL in Delhi High Court to classify Masks and Sanitizers as ‘Essential Commodities’ and reduce GST Rates [Read Petition]")
Disallowance of Discounts/Rebate to Holding Company: ITAT directs to verify genuineness of Agreements/MOUs
The Income Tax Appellate Tribunal (ITAT), Delhi Bench, in a case involving the disallowance of discounts or rebates to holding company, directed the Assessing Officer (AO) to examine the transactions...
CBDT issues MAP Guidance for benefit of Taxpayers, Tax Practitioners, Tax Authorities and CAs of India and of Treaty Partners
The Central Board of Direct Taxes (CBDT) issued the detailed Mutual Agreement Procedure (MAP) Guidance for the benefit of stakeholders including all the taxpayers, tax practitioners, tax authorities,...
No Service Tax on Indian Bank acting as Mediator between Indian Exporter and Foreign Banker representing Foreign Importer: CESTAT [Read Order]
The Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Delhi bench has held that service tax cannot be levied on reverse charge mechanism basis on an Indian bank acting as a mediator between...
![No Service Tax on Indian Bank acting as Mediator between Indian Exporter and Foreign Banker representing Foreign Importer: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/08/State-Bank-of-Bikaner.jpeg "No Service Tax on Indian Bank acting as Mediator between Indian Exporter and Foreign Banker representing Foreign Importer: CESTAT [Read Order]")
![Relief to Flemingo Travel Retail Limited: ITAT quashes Penalty of Rs.2.26 Cr [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/08/Flemingo-Travel-ITAT-Penalty-Taxscan.jpg "Relief to Flemingo Travel Retail Limited: ITAT quashes Penalty of Rs.2.26 Cr [Read Order]")
ITAT confirms 10% as a Rate of Depreciation on furniture & fixtures against Microsoft Corporation’s claim of 15%
The Income Tax Appellate Tribunal (ITAT), Delhi Bench, upheld the findings of the CIT(A) and confirmed 10% as the rate of depreciation on furniture and fixtures, instead of 15%. The assessee, M/s...
